Simec Atlantis Energy granted Green Economy Mark

Simec Atlantis Energy announced on Friday that it has been granted the Green Economy Mark by the London Stock Exchange.

The AIM-traded firm said the mark, introduced in 2019, identifies companies and funds that generate at least 50% of their annual revenues from products and services that contribute to the global green economy.

It said the mark helped investors identify firms significantly involved in environmentally-sustainable activities.

SAE said its focus was on projects aligned with the UK's net zero targets, being a major developer of battery energy storage systems (BESS) in the UK, and with a leading position in tidal stream operations and development.

“We are delighted to have been provided with the Green Economy Mark, demonstrating our clear commitment to being a sustainable business for our planet and our shareholders,” said chief executive officer Graham Reid.

“The Green Economy Mark helps ensure that our investors and stakeholders understand our green credentials and our efforts to support the transition to a low carbon economy.”

At 0951 BST, shares in Simec Atlantis Energy were up 3.33% at 2.48p.

Reporting by Josh White for Sharecast.com.